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Latest Briefings

India: The age of telephony has arrived

On 19 June 2018, the Department of Telecommunications, Government of India (DoT) finally provided its nod to several key recommendations (Recommendations) made by the Telecom Regulatory Authority of India (TRAI) on the Regulatory Framework for Internet Telephony in October 2017. DoT has released a clarification (Clarification) and certain amendments to existing licenses (Amendment), both of […]

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Adjudication Matters – July 2018

The Courts have re-affirmed that, despite a contract containing an express right of set-off, it is only in exceptional circumstances that a party will be entitled to set-off another claim against an Adjudicator’s award. This case serves as a helpful reminder that a right to set-off is unlikely to apply to an Adjudicator’s decision. The […]

Two EU regulations on UCITS/AIFMD asset segregation requirements for depositaries upon delegation

On 12 July 2018, the European Commission adopted two delegated regulations supplementing the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investment in Transferable Securities Directive (UCITS) on the safekeeping of assets by depositaries and their delegates. Their main purpose is to eliminate discrepancies among different national regulations. The following aspects will […]

Sleeping time is not working time says Court of Appeal

By Siobhan Fitzgerald The social care sector is breathing a sigh of relief after the Court of Appeal in Royal Mencap Society v Tomlinson-Blake reversed previous cases and decided that only time spent awake and working should be counted as working time for the purposes of calculating the national minimum wage.

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Herbert Smith pushes for profits to fund pay hikes

Herbert Smith’s property department is under pressure to boost profits to help pay for a 30 per cent increase in assistants’ salaries, to be announced next week. Alongside the salary increases, brought in to keep pace with those already announced by other top firms, Herbert Smith is considering replacing its retrospective firm-wide bonus system with […]

Conditions of justice

The increase in the use of conditional fee agreements could create a two-tier profession, warns Steven Langton. Steven Langton is a barrister at Old Square Chambers. Before 1 April this year, more than 50 per cent of personal injury (PI) claims were funded by legal aid. Conditional fee agreements (CFAs) made up a further 5 […]

Sector Insight:Heavy Industry

The traditional heavy industry sector has been forced to move with the times in order to keep up with the e-commerce boom. Claire Smith and Tamzin Hindmarch report on what the sector now expects from its legal advisers These are hard times for manufacturers in the UK. The traditional heavy industry sector is faced with […]

Akin Gump Korea dept recruits two partners

Washington DC firm Akin Gump Strauss Hauer & Feld is poaching two top corporate partners from New York rival Brown & Wood. Jaemin Park and Jay Gordon Cohen specialise in representing Korean clients and will join Akin Gump’s Korea practice group. The group already represents a number of large corporations in the country – including […]

Freshfields fails to win majority Bruckhaus vote

Freshfields is blaming poor communication between partners at Bruckhaus Westrick Heller Laber for its failure to approve the merger of the firms, say insider sources. In a preliminary partnership vote on the weekend of 15 April, only two thirds of the largest domestic legal practice in Germany’s partners elected for merger with Freshfields, as revealed […]

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